Hi HIVIANs,

today I just want to share you a possible scenario on the price action of BTC against USDT!

BTC/USDT - 1W - Binance

Click the image to zoom or view the HQ chart!

In my eyes (!), if we close this weekly candle below ~57,800$, we could see a big price movement of about -8,500$ (-15%)!

After we touch the parabolic curve, we should move up again and claim the all time high once again to hit a new one!

What do you think about this scenario?
In my eyes (I am not a experienced trader at all but trying to learn) this could be possible so we can prepare and set buy orders between 49,500$ - 52,400$!

What do you think about this? Make sure to let me know in the comments!

Have a nice day!

Peace

XCHNG